Social ECG issues changing business context Environmental Governance ISO 26000 ECG issues changing business context Social Unemployment and inequality Skills shortages Human rights (supply chain) Increasing labour volatility Health and safety Ethical product labels Erosion of trust in business Environmental Fuel, electricity and water prices Energy and water security Increasing incidence of extreme weather Shifts in transport modalities eg rail Commodity price volatility Governance National legislative developments eg permitting, emissions, carbon tax International law eg trading regimes Increasing disclosure requirements Corporate governance requirements Corruption and ethical issues Proliferation of standards (eg IIRC, GRI, UNGC) Emergence of new indices (eg DJSI)

“High sustainability companies significantly outperform their counter parts over the long term, both in terms of stock market as well as accounting performance” Harward Business Group

Basic principles of social responsibility Accountability: being answerable for decisions and activities and their impacts on society, the economy and the environment. Transparency: openness about decisions and activities that impact on society and the environment. Ethical behaviour: in accordance with accepted principles of right or good conduct Respect for stakeholder interest: respect, consider and respond to the interests of its stakeholders Respect for rule of law: mandatory Respect for international norms of behavior Respect for human rights

ISO 26000 - Seven principles of social responsibility

ISO 26000 From.. To.. An add-on Compliance driven Value protection Boring – Risk management A future issue About environment (green) Philanthropy, moral Obstacle Guilt Core to strategy Innovation focused Value creation Exciting opportunity A current concern About society Core business + values Challenge, opportunity Inspiration

Thank you